Comcast spins off cable into Versant (2025)
Comcast moved most of NBCUniversal's cable networks, including USA and CNBC, into a new standalone company called Versant. The unit began trading on the Nasdaq under the ticker VSNT.
Comcast kept the growth assets and let the declining cable channels stand on their own.
Versant became a template for shedding cable without a full sale, a model rivals studied.
Disney's A+E exit runs on the same logic: separate the cash-flowing but shrinking cable business from the parts management wants to keep.
